I am 50 years old & single. I live in Missouri & have a question about accelerated benefits. I know that my parents have either a Life Insurance Policy or Annuity set up whereby each of us kids will receive $25K upon their deaths. I was downsized several months ago & need access to those funds now. Are there typically provisions through either one of these instruments that provide the cash in advance? My parents are quite old fashioned & speaking to them about this will be difficult. I've fairly certian that they're averse to taking out any type of loan against either the Life Insurance or the Annuity. And one last, unpleasant question; is there any way to compel my parents to release these funds should they refuse to do so? (I hope it wouldn't come to that). Thanks.
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